I consider ASTRO as a safe bet. Fundamentally, it is in cash-rich position, strong management, monopoly factor & the most important thing is it has lot growth opportunity. I'd been trading it for the past three months with 2.9% return for each trade. Sure the figure not catchy enough, but successfully traded three times made it annualized return of 34.8% (ideal case). In fact, I am still doing it now!!! As a beginner, I simply chose the strong fundamental companies with moderate trading margin. My objective is simple, just to beat what other unit trusts / mutual funds able to deliver which normally fall within range 8%-15%. This acknowledge my ability to trade..HaHaHa..... Me..... without finance/accounting/economics background is at par or better compared to these professional fund managers... Nothing than made me feel good.
However, bare in mind that ASTRO didn't come without risk; it operating in high capex industry & problematic JV with the neighborhood country. Perhaps, that is the reason y ASTRO fall flat for the whole 2006. Despite the problem, I love trading ASTRO. Which stock has no risk at all anyway???
However, bare in mind that ASTRO didn't come without risk; it operating in high capex industry & problematic JV with the neighborhood country. Perhaps, that is the reason y ASTRO fall flat for the whole 2006. Despite the problem, I love trading ASTRO. Which stock has no risk at all anyway???
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